Swissies get to grip with wildly wider spreads

Swiss franc fotolia 230x150
By Frank Jackman
26 Mar 2020

Issuers and investors in the Swiss franc market are grappling with much wider spreads on domestic and foreign issuers because of the volatility around the coronavirus pandemic.

“These are exceptional new levels,” said a banker. “Spreads are far wider than where they were even two months ago. You are looking at 100bp to 200bp more in some cases; this is what investors and issuers will have to get used to.”

These levels are unlikely to ...

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